Greenvale raises A$1.8m to fast-track Australian uranium exploration
ASX-listed Greenvale Energy has successfully raised A$1.8-million through a share placement to fund upcoming exploration across its Australian uranium portfolio.
The placement was well supported by new and existing shareholders by way of a fixed-price offering at A$0.048 a share, representing a 21.2% discount to the five-day volume-weighted average price and a 18.6% discount to last close of A$0.059 on March 19, and will result in the issue of about 37.5-million new ordinary shares.
The proceeds, together with existing cash reserves, will allow Greenvale to fast-track its maiden exploration programme at the recently acquired high-grade Oasis uranium project in Queensland, where it is aiming to start drilling in April 2025, subject to weather conditions.
The company is also planning to advance the next phase of exploration across its portfolio of sandstone-hosted and unconformity-hosted uranium projects in the Pine Creek mineral field of the Northern Territory, including radiometric surveys and air-core drilling.
The proceeds will also be used to complete the current test programme six and upcoming test programme seven at the Alpha torbanite project, with a view to establishing a commercial development pathway for the project, and for general working capital purposes.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
REELIN is Currently the largest supplier of Bearings to Transnet. We have contracts to supply bearings, draft gears slackadjusters and other...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
